The ones under $100,000 are basically like a hotel room. Great price to be in that location for that price. I think the association fees are roughly $250 per month. I have sold a few of these and the rentals are not too bad for units that are roughly 400 sq. feet. I noted on one listing an agent said the seller recieved $15,000 in rentals! Sounds really good for such a small unit. I would surely look into that. I think the challenge on these has been lending. Great cash buy but a bank will probably shy away from these until the dust settles. Let me know if you need any help.
Thanks,
Bobby J
